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JXTG Holdings

DB:JHJ
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JHJ
DB
¥1,244B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

JXTG Holdings, Inc., through its subsidiaries, engages in the energy, oil and natural gas exploration and production (E&P), and metals businesses worldwide. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • JXTG Holdings has significant price volatility in the past 3 months.
JHJ Share Price and Events
7 Day Returns
5.9%
DB:JHJ
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-24.4%
DB:JHJ
34.4%
DE Oil and Gas
-14.2%
DE Market
JHJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JXTG Holdings (JHJ) 5.9% 2.5% -22.2% -24.4% -27.6% -15.7%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • JHJ underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • JHJ underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
JHJ
Industry
5yr Volatility vs Market

JHJ Value

 Is JXTG Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JXTG Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JXTG Holdings.

DB:JHJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:JHJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 30.86%) (233.2%))
2.031
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.33%)
12.27%

Discounted Cash Flow Calculation for DB:JHJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JXTG Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:JHJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.27%)
2020 149,770.33 Analyst x6 133,401.92
2021 187,325.33 Analyst x6 148,617.20
2022 194,502.33 Analyst x6 137,446.49
2023 229,825.00 Analyst x4 144,657.97
2024 210,900.00 Analyst x2 118,238.24
2025 199,013.83 Est @ -5.64% 99,380.44
2026 190,929.60 Est @ -4.06% 84,923.37
2027 185,277.12 Est @ -2.96% 73,402.70
2028 181,220.75 Est @ -2.19% 63,949.10
2029 178,231.43 Est @ -1.65% 56,020.51
Present value of next 10 years cash flows ¥1,060,037.00
DB:JHJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥178,231.43 × (1 + -0.39%) ÷ (12.27% – -0.39%)
¥1,402,340.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,402,340.67 ÷ (1 + 12.27%)10
¥440,774.34
DB:JHJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,060,037.00 + ¥440,774.34
¥1,500,811.34
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,500,811.34 / 3,219.38
¥466.18
DB:JHJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JHJ represents 0.00833x of TSE:5020
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00833x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 466.18 x 0.00833
€3.88
Value per share (EUR) From above. €3.88
Current discount Discount to share price of €3.22
= -1 x (€3.22 - €3.88) / €3.88
17.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JXTG Holdings is available for.
Intrinsic value
17%
Share price is €3.22 vs Future cash flow value of €3.88
Current Discount Checks
For JXTG Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JXTG Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • JXTG Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JXTG Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JXTG Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JHJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥51.34
TSE:5020 Share Price ** TSE (2020-04-08) in JPY ¥386.5
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JXTG Holdings.

DB:JHJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5020 Share Price ÷ EPS (both in JPY)

= 386.5 ÷ 51.34

7.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JXTG Holdings is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • JXTG Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does JXTG Holdings's expected growth come at a high price?
Raw Data
DB:JHJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
12.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:JHJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.53x ÷ 12.3%

0.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JXTG Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on JXTG Holdings's assets?
Raw Data
DB:JHJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥833.83
TSE:5020 Share Price * TSE (2020-04-08) in JPY ¥386.5
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:JHJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5020 Share Price ÷ Book Value per Share (both in JPY)

= 386.5 ÷ 833.83

0.46x

* Primary Listing of JXTG Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JXTG Holdings is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess JXTG Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. JXTG Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JHJ Future Performance

 How is JXTG Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JXTG Holdings expected to grow at an attractive rate?
  • JXTG Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • JXTG Holdings's earnings growth is positive but not above the Germany market average.
  • JXTG Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JHJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JHJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 12.3%
DB:JHJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -0.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:JHJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JHJ Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 9,862,333 535,900 241,867 3
2023-03-31 9,929,280 567,450 235,900 5
2022-03-31 9,410,457 539,586 223,557 7
2021-03-31 9,648,049 532,409 207,874 8
2020-04-08
2020-03-31 10,118,100 532,704 140,696 3
DB:JHJ Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 10,405,483 749,601 168,590
2019-09-30 10,763,132 537,706 108,304
2019-06-30 11,077,547 530,429 194,568
2019-03-31 11,129,630 344,184 322,319
2018-12-31 11,238,009 243,680 370,834
2018-09-30 11,046,077 365,675 523,646
2018-06-30 10,642,782 461,120 488,048
2018-03-31 10,301,072 707,106 361,922
2017-12-31 8,642,055 465,569 324,854
2017-09-30 8,039,865 451,433 247,976
2017-06-30 7,441,476 478,551 143,787
2017-03-31 7,025,062 225,781 150,008

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JXTG Holdings's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • JXTG Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:JHJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from JXTG Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JHJ Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 88.35 108.20 68.50 2.00
2023-03-31 81.00 100.40 65.50 3.00
2022-03-31 71.80 92.60 62.70 7.00
2021-03-31 65.12 84.60 59.90 8.00
2020-04-08
2020-03-31 43.10 51.60 37.00 7.00
DB:JHJ Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 51.34
2019-09-30 32.60
2019-06-30 57.96
2019-03-31 95.36
2018-12-31 109.26
2018-09-30 153.82
2018-06-30 143.00
2018-03-31 105.92
2017-12-31 102.02
2017-09-30 84.01
2017-06-30 52.88
2017-03-31 60.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • JXTG Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess JXTG Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JXTG Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JHJ Past Performance

  How has JXTG Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JXTG Holdings's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JXTG Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • JXTG Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • JXTG Holdings's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
JXTG Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JXTG Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JHJ Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 10,405,483.00 168,590.00 842,213.00
2019-09-30 10,763,132.00 108,304.00 832,881.00
2019-06-30 11,077,547.00 194,568.00 822,476.00
2019-03-31 11,129,630.00 322,319.00 816,260.00
2018-12-31 11,238,009.00 370,834.00 804,764.00
2018-09-30 11,046,077.00 523,646.00 796,966.00
2018-06-30 10,642,782.00 488,048.00 791,184.00
2018-03-31 10,301,072.00 361,922.00 783,840.00
2017-12-31 8,642,055.00 324,854.00 777,513.00
2017-09-30 8,039,865.00 247,976.00 734,585.00
2017-06-30 7,441,476.00 143,787.00 689,650.00
2017-03-31 7,025,062.00 150,008.00 644,913.00
2016-12-31 7,826,230.00 -70,588.00 548,263.00
2016-09-30 7,855,022.00 -208,204.00 542,417.00
2016-06-30 8,242,538.00 -306,570.00 575,178.00
2016-03-31 7,530,895.00 -273,607.00 625,557.00
2015-12-31 9,227,829.00 -256,595.00 547,238.00
2015-09-30 9,992,589.00 -339,816.00 546,081.00
2015-06-30 10,545,693.00 -238,076.00 544,078.00
2015-03-31 9,562,538.00 -284,643.00 623,258.00
2014-12-31 11,752,057.00 -158,852.00 508,943.00 22,548.00
2014-09-30 12,076,750.00 34,995.00 511,426.00 22,548.00
2014-06-30 12,279,066.00 85,528.00 508,968.00 22,548.00
2014-03-31 12,412,013.00 107,042.00 528,925.00
2013-12-31 12,168,512.00 199,449.00 511,672.00 23,155.00
2013-09-30 11,808,026.00 222,341.00 502,340.00 23,155.00
2013-06-30 11,442,258.00 228,039.00 493,562.00 23,155.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JXTG Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • JXTG Holdings used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • JXTG Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JXTG Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JXTG Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JHJ Health

 How is JXTG Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JXTG Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JXTG Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JXTG Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JXTG Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JXTG Holdings Company Filings, last reported 3 months ago.

DB:JHJ Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,087,507.00 2,383,477.00 369,953.00
2019-09-30 3,043,065.00 2,327,965.00 347,469.00
2019-06-30 3,032,033.00 2,267,246.00 383,031.00
2019-03-31 3,119,816.00 2,217,993.00 385,434.00
2018-12-31 3,105,505.00 2,674,075.00 401,891.00
2018-09-30 3,186,141.00 2,518,474.00 454,027.00
2018-06-30 3,022,903.00 2,237,237.00 263,506.00
2018-03-31 2,919,975.00 2,259,931.00 447,355.00
2017-12-31 2,922,679.00 2,596,767.00 328,608.00
2017-09-30 2,771,368.00 2,561,978.00 354,426.00
2017-06-30 2,639,223.00 2,592,442.00 327,540.00
2017-03-31 2,140,288.00 2,445,594.00 395,296.00
2016-12-31 1,962,481.00 2,540,370.00 263,157.00
2016-09-30 1,804,383.00 2,433,390.00 294,622.00
2016-06-30 1,829,430.00 2,504,493.00 298,282.00
2016-03-31 2,028,007.00 2,558,664.00 616,779.00
2015-12-31 2,184,378.00 2,703,065.00 254,308.00
2015-09-30 2,334,564.00 2,803,264.00 272,137.00
2015-06-30 2,477,240.00 2,814,330.00 287,096.00
2015-03-31 2,429,849.00 2,620,267.00 329,293.00
2014-12-31 2,479,673.00 2,931,530.00 243,713.00
2014-09-30 2,590,117.00 3,027,012.00 293,644.00
2014-06-30 2,590,904.00 2,882,634.00 290,294.00
2014-03-31 2,626,294.00 2,801,693.00 281,733.00
2013-12-31 2,595,459.00 3,001,980.00 303,537.00
2013-09-30 2,530,374.00 2,608,400.00 282,944.00
2013-06-30 2,408,496.00 2,527,773.00 230,588.00
  • JXTG Holdings's level of debt (77.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (116.6% vs 77.2% today).
  • Debt is well covered by operating cash flow (31.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.7x coverage).
X
Financial health checks
We assess JXTG Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JXTG Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JHJ Dividends

 What is JXTG Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.69%
Current annual income from JXTG Holdings dividends. Estimated to be 6.39% next year.
If you bought €2,000 of JXTG Holdings shares you are expected to receive €114 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JXTG Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • JXTG Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:JHJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:JHJ Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 30.50 2.00
2023-03-31 26.25 4.00
2022-03-31 23.86 7.00
2021-03-31 23.25 8.00
2020-04-08
2020-03-31 22.13 8.00
DB:JHJ Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-13 22.000 5.595
2019-11-13 22.000 4.478
2019-11-08 22.000 4.251
2019-06-26 22.000 4.492
2019-05-13 22.000 4.199
2019-02-13 22.000 4.078
2019-02-08 22.000 4.047
2018-11-13 20.000 3.265
2018-11-07 20.000 2.714
2018-06-27 20.000 2.530
2018-05-11 20.000 2.749
2018-02-13 18.000 2.710
2018-02-09 18.000 2.764
2017-11-13 18.000 2.589
2017-11-10 18.000 2.798
2017-06-28 18.000 3.345
2017-05-12 18.000 3.667
2017-02-13 16.000 3.039
2017-02-07 16.000 3.046
2016-11-11 16.000 3.263
2016-11-08 16.000 3.988
2016-09-13 16.000 3.932
2016-06-28 16.000 4.123
2016-05-11 16.000 3.800
2016-02-12 16.000 3.549
2016-02-03 16.000 3.502
2015-11-12 16.000 3.349
2015-11-04 16.000 3.354
2015-06-01 16.000 3.253
2015-05-11 16.000 2.955
2015-02-13 16.000 3.278
2015-02-04 16.000 3.438
2014-11-13 16.000 3.587
2014-11-04 16.000 3.504
2014-06-26 16.000 3.117
2014-05-09 16.000 3.014
2014-02-13 16.000 3.118
2014-02-06 16.000 3.283
2013-11-13 16.000 3.063
2013-11-01 16.000 3.158
2013-05-09 16.000 3.150
2013-02-13 16.000 3.006
2013-02-05 16.000 2.942
2012-11-13 16.000 3.407
2012-11-05 16.000 3.837
2012-08-03 16.000 3.829
2012-06-27 16.000 4.200
2012-05-11 16.000 4.049
2012-02-13 16.000 3.254
2012-02-03 16.000 3.406
2011-11-11 16.000 3.418
2011-11-04 16.000 3.388
2011-08-05 16.000 3.517
2011-06-27 16.000 2.923
2011-05-12 16.000 3.078
2011-02-14 16.000 2.895
2011-02-02 16.000 2.758
2010-11-12 15.000 2.735
2010-11-05 15.000 2.895
2010-08-13 15.000 3.214
2010-08-03 15.000 3.157

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of JXTG Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JXTG Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JXTG Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JXTG Holdings has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JHJ Management

 What is the CEO of JXTG Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tsutomu Sugimori
AGE 64
TENURE AS CEO 2 years
CEO Bio

Mr. Tsutomu Sugimori is President of JXTG holdings, Inc. since April 2018 and Representative Director since June 2014. Mr. Sugimori was the President of JXTG Nippon Oil & Energy Corporation since June 2014. Mr. Sugimori served as General Manager of Marketing Planning Department of Nippon Oil Corp. Mr. Sugimori served as a Senior Vice President of JXTG Nippon Oil & Energy Corporation until June 2014. He served as Executive Officer and General Manager of the Tyubu Branch Office at Nippon Oil Corp. He is a Representative Director of JXTG Nippon Oil & Energy Corporation. He has been a Director of Japan Oil Transportation Co. Ltd. since June 2014.

CEO Compensation
  • Insufficient data for Tsutomu to compare compensation growth.
  • Insufficient data for Tsutomu to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the JXTG Holdings management team in years:

3
Average Tenure
62.5
Average Age
  • The tenure for the JXTG Holdings management team is about average.
Management Team

Tsutomu Sugimori

TITLE
President & Representative Director
AGE
64
TENURE
2 yrs

Yoshiaki Ouchi

TITLE
SVP of Internal Control Dept.

Satoshi Taguchi

TITLE
SVP of Secretariat
AGE
62

Junichi Kawada

TITLE
Executive VP
AGE
64
TENURE
10 yrs

Hiroji Adachi

TITLE
SVP & Director
AGE
63
TENURE
1.3 yrs

Jun Mutoh

TITLE
Executive VP
AGE
60
TENURE
3 yrs

Katsuyuki Ota

TITLE
Part-time Director
AGE
61
TENURE
6.3 yrs

Masahiro Kawaji

TITLE
Executive Officer & GM of Corporate Planning Department
Board of Directors Tenure

Average tenure and age of the JXTG Holdings board of directors in years:

5
Average Tenure
63.5
Average Age
  • The tenure for the JXTG Holdings board of directors is about average.
Board of Directors

Tsutomu Sugimori

TITLE
President & Representative Director
AGE
64
TENURE
5.8 yrs

Yoshiaki Ouchi

TITLE
SVP of Internal Control Dept.
TENURE
1.3 yrs

Satoshi Taguchi

TITLE
SVP of Secretariat
AGE
62
TENURE
2.8 yrs

Junichi Kawada

TITLE
Executive VP
AGE
64
TENURE
10 yrs

Hiroji Adachi

TITLE
SVP & Director
AGE
63
TENURE
4.8 yrs

Jun Mutoh

TITLE
Executive VP
AGE
60
TENURE
3 yrs

Katsuyuki Ota

TITLE
Part-time Director
AGE
61
TENURE
5.3 yrs

Mutsutake Otsuka

TITLE
Outside Director
AGE
76
TENURE
6.8 yrs

Hiroko Ota

TITLE
Outside Director
AGE
65
TENURE
7.8 yrs

Seiichiro Nishioka

TITLE
Outside Director
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess JXTG Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JXTG Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JHJ News

Simply Wall St News

JHJ Company Info

Description

JXTG Holdings, Inc., through its subsidiaries, engages in the energy, oil and natural gas exploration and production (E&P), and metals businesses worldwide. It operates in Energy, Oil and Natural Gas E&P, Metals, and Other segments. The company manufactures and sells petroleum products, including gasoline, kerosene, and lubricating oils, as well as petrochemicals; and imports and sells gas, such as LP gas and liquefied natural gas. It also provides diesel fuel, heavy fuel oil, naphtha, asphalt, paraxylene, benzene, propylene, ethylene, ethylidene norbornene, functional films, cell culture materials, liquid crystal polymers, coal, electric power, etc. In addition, the company engages in the exploration for and development of oil, natural gas, and other mineral resources; and extraction, processing, storage, sale, and shipment of petroleum, natural gas, and other mineral resources. Further, it develops and mines nonferrous metals resources; smelts, refines, and markets copper, gold, silver, sulfuric acid, copper foils, materials for rolling and processing, and thin film materials; recycles nonferrous metals; and treats industrial waste. Additionally, the company engages in the exploration, mining, and smelting of ores; and metal processing activities; production and sale of electronic materials. It also engages in the asphalt paving, civil engineering, construction, land transportation, real estate leasing, and fund procurement businesses, as well as transportation by ships of non-ferrous metal products, titanium, and electric wires. The company was founded in 1888 and is headquartered in Tokyo, Japan.

Details
Name: JXTG Holdings, Inc.
JHJ
Exchange: DB
Founded: 1888
¥10,526,008,724
3,219,383,956
Website: http://www.hd.jxtg-group.co.jp
Address: JXTG Holdings, Inc.
1-1-2, Otemachi,
Chiyoda-ku,
Tokyo,
100-8162,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5020 Common Shares The Tokyo Stock Exchange JP JPY 01. Apr 2010
OTCPK JXHG.F Common Shares Pink Sheets LLC US USD 01. Apr 2010
DB JHJ Common Shares Deutsche Boerse AG DE EUR 01. Apr 2010
OTCPK JXHL.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
40,695
JXTG Holdings employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:15
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.